Flip the Switch with Lauri Kibby

Get Your FILL, Financial Independence and Long Life

In this episode of Get Your FILL, Financial Independence & Long Life, guest Lauri Kibby, a dedicated advocate for women's financial empowerment. emphasizes that while fix and flips can be creatively fulfilling, they are fundamentally a job with significant risks, unlike passive investing where money works for you. She cautions against the misconception that fix and flips are true investments for wealth building,highlighting the labor, stress, and market cycle vulnerabilities involved. Kibby, who runs the fund at Selene Brighthouse, advocates for real estate investments that offer both cash flow and long-term growth with moderate risk, allowing women to build their overall wealth without the hands-on work of flipping properties.

The conversation delves into the often-overlooked nuances of fix and flips, such as unexpected costs, market downturns, and the crucial difference in taxation between income from flipping and long-term capital gains from investing. Lauri stresses the importance of financial literacy and understanding the components of real estate investing, including analyzing returns and conducting proper due diligence. Drawing from her own experience of losing a significant amount of money due to a poorly vetted investment, Kibby became passionate about educating women to avoid similar pitfalls. She underscores the necessity of thorough due diligence, critical thinking combined with intuition, understanding personal risk tolerance, and aligning values with those managing investments to build lasting wealth and a meaningful legacy, especially in light of the significant wealth transfer expected to women.

Connect with Lauri SeleneBrighthouse.com

Watch the video: https://youtu.be/2g8i9r9Ts-A